Damascus-Sana
The Popular Credit Bank announced that it will start from the beginning of next October to finance the loans of workers in the state in order to obtain the homemade durable goods found in the Syrian Trade Corporation.
In a statement to SANA Economic Bulletin, the bank's general manager Dr. Nidal Al-Arbeed explained that the amount of the durable goods loan does not exceed one million Syrian pounds and the maximum five years, ie over 60 installments, indicating that the annual interest rate on the short-term loan "year" is estimated at 6.50 percent and the average loan The term “over one to five years” is estimated at 7 percent.
Al-Arbeed pointed out that those who wish to avail the loan to buy durable goods can obtain the required paper forms from the bank's donor branches or from the Syrian Trade Establishment's halls.
According to the executive instructions that SANA received a copy of the loan, the beneficiaries of the loan are permanent employees in the country who have joined the insurance and pension fund, the municipal pension fund, the agricultural cooperative bank, or any other pension fund, or one year or more after joining the social insurance institution. Full participation in disability, death and old age.
The loan will also benefit retirees of the People's Credit Bank and temporary workers in the State who have been employed for one year or more and participating in one of these pension funds, as well as those who have contracted with the State for one year or more, and who have been employed by such funds and pensioners “without their heirs except the families of martyrs” who are paid. Pension and workers and employees in the joint and cooperative sector.
Individuals with limited income can provide personal guarantees of 2 permanent employees, provided that the total service of the sponsors combined is not less than five years, the service of the guarantor is not less than one year and the monthly installment of the loan covers 40% of the monthly lump sum. 100% of the fixed compensation and excluding the value of the current deductions on the wages that the worker arranges for himself.
The loan applicant can provide guarantees from deposits and current accounts, provided that the cash guarantee is in the same currency of the debt and covers 100% of the loan value and interest and be present at one of the branches of the bank or with public banks or provide a guarantee of investment certificates in accordance with the conditions stipulated in the bank's operating system.
Handsome Adawi
SANA Economic Bulletin
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